Short take: What we need is new climate policy

Practically every day on the campaign trail, Republican presidential hopefuls blast President Obama's "job-killing regulations."

Atop their list are rules from the Environmental Protection Agency.

The would-be presidents aren't alone.

Since the Republicans took control of Congress, GOP lawmakers have repeatedly attempted to derail rules on the greenhouse gases that cause climate change, as well as new restrictions on conventional air pollutants that the EPA has regulated for decades -- gases and particulates that contribute to asthma, heart attacks and other health problems.

Republicans on the House Energy and Commerce Committee have announced that they will introduce a bill in August designed to roll back pending regulations on toxic air pollutants from utilities and industrial boilers.

Yet predictions of EPA-induced disaster are wildly overblown, at best.

Bloomberg Government released a study on greenhouse gas regulation last month, finding that the first phase of the EPA's efforts will cost little and produce little in terms of emissions reductions, since power plants are becoming more efficient and therefore producing fewer emissions anyway.

Meanwhile, the Center for American Progress pointed out that many coal power plants -- the sort of facilities that an EPA crackdown on toxic air pollutants such as mercury would affect -- already have relevant pollution control technologies installed or in construction.

And dozens of those that don't are old, inefficient, rarely used and, in many cases, slated for closure. On greenhouse gases, a fair reading of the EPA's new air pollution rules suggests that, if anything, they won't do nearly enough to address the risks associated with climate change.

Instead of blasting the EPA, Congress could craft climate policy that is both more efficient and more effective -- upping energy research budgets and putting a price on carbon.